Australian iron ore producer Fenix Resources has secured key regulatory and environmental approvals needed to develop the first phase of its Beebyn-W10 mine at the Weld Range iron ore project in Western Australia, according to a company statement.
Fenix said production is expected to begin in the current quarter, while first shipment is scheduled for the December quarter of 2026. Located next to the existing Beebyn-W11 mine, Beebyn-W10 will be part of the newly established Beebyn hub, where crushing capacity will be increased to 6 million tons per year.
According to the company, the development of Beebyn-W10, together with the planned expansion of Beebyn-W11's annual production capacity from 1.5 million tons to 3 million tons, will increase total production volume Beebyn Hub to 6 million tonnes per annum by the fiscal year ending June 2028, while consolidating mining, processing and logistics in the region.
Fenix noted that it has a 30-year exclusive right to mine and export iron ore from the Weld Range Project, which has a total mineral resource of 290 million iron-grade tonnes 56.8 percent. The company added that it plans to increase the project's annual production capacity to approximately 10 million tonnes by 2031, with operations expected to continue until 2042 and a final feasibility study planned to be completed by the end of 2026.
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